An innovative new valuation framework with truly useful economic indicators
The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making.

While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making.

具有真正有用经济指标的创新性新估值框架
《会计的终结》和《投资者和管理者的前进之路》展示了无处不在的财务报告如何在资本市场决策中变得毫无用处，并为投资者和管理者提供了一个可行的选择。基于一个全面的，大样本的实证分析，这本书报告的财务文件的相关性不断恶化，投资者的决定。一个启发性的讨论详细说明了会计在当今市场失去相关性的原因，并以许多具有现实影响的例子作为佐证。除了简单地识别问题外，本报告还提供了一个解决方案，即价值创造报告，并展示了它在关键行业中的实用性。新的指标侧重于战略和执行，以确定和评估公司真正的价值创造资源，为关键投资决策提供更为先进的方法。
尽管整个行业都开始依赖财务报告来获取重要信息，但这些文件在当前经济环境下投资者和贷款人的工作方式方面存在缺陷和不足。这本书展示了另一种选择，给你一个新的框架，更明智的决策。